Rockhopper Exploration (LON:RKH) Trading 11.1% Higher - Time to Buy?

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) traded up 11.1% on Monday . The company traded as high as GBX 43 ($0.56) and last traded at GBX 42.10 ($0.54). 7,929,271 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 3,610,369 shares. The stock had previously closed at GBX 37.90 ($0.49).

Rockhopper Exploration Price Performance

The stock has a market cap of £374.18 million, a price-to-earnings ratio of 23,758.38, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.27. The company has a 50-day simple moving average of GBX 37.80 and a two-hundred day simple moving average of GBX 24.87.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration, appraisal, and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.